Provides £50,000 Loan For 2020 Range Rover Autobiography to raise funding for new business concept

Date 09 May 2022
20th May - Prestige Car Pawn and Prestige Car Colleterial Loans
Release My Capital, specialists in secured short-term prestige and luxury car loans, has completed another car equity release loan of £50,000 for a 2020 Range Rover Autobiography worth over £90,000.

The client, a Scottish entrepreneur, wanted to raise funding for a new business concept by pawning his range rover. Using his prestige car as collateral against the loan to inject cash into his business allowing him to maintain liquidity and seize the opportunity to drive growth.

Every client’s needs and circumstances are unique. "This is another example of how we can expediate a loan and help a client who was unable to raise funding from his bank and other short-term lenders due to their strict lending criteria and the company’s limited trading history,” said Paul Hilburn, Release My Capital Director.

The client made a direct approach to Release My Capital to use pawn his car and us as collateral against a discrete short-term loan with no need to provide trading history, personal or business bank statements, and no need for a credit check.

Our clients' anonymity is assured at all times, and discretion is paramount to Release My Capital. No credit reports were undertaken and no search marks were left on the credit file,

Release My Capital completed a virtual appraisal & real-time valuation via WhatsApp video. Within 1 hour, an offer in principle was issued, subject to the physical car check and final valuation. The client drove his Range Rover Autobiography to our local professional storage partner to complete a detailed inspection to confirm the final valuation. The condition and valuation were agreed in minutes and the funds were released to our client’s bank account in seconds.

Paul Hilburn, director at Release My Capital, said: “The case was introduced to Release My Capital by an independent FCA broker to see if their client could pawn their luxury watches and could be used as collateral against the loan, whilst he was finishing his new house build and completing his re-mortgage within 3 months. is delighted to be able to support the growth of a new, dynamic business in the post pandemic environment. The liquidity of a business is critical, and our client was able to release the funds he required within hours. We are a digital and direct lender, so Release My Capital is able to provide equity release car loans on all prestige, supercar, classic, and vintage cars within hours of the application.